About Land fund

The Land Fund of Latvia rents agricultural land with a goal to facilitate the preservation and use of agricultural land.

The agricultural land owned by the Land Fund of Latvia is offered for rent to entrepreneurs operating in the field of agriculture in order to preserve and improve the value of the land.

An agricultural land rent contract shall be concluded for a period that is not less than 5 years in accordance with Law on Land Privatisation in Rural Areas.

The Land Fund of Latvia rents its agricultural land by observing the Law On Prevention of Squandering of the Financial Resources & Property of the State & Local Government (Section 6.4), Law On Land Privatisation in Rural Areas and by observing other regulations binding to the Land Fund of Latvia.

The objective of the Land Fund of Latvia is to promote the agricultural land's protection, availability and preservation, as well as its efficient and sustainable use of at a national level.

ALTUM is administrator (operator) of the Land Fund of Latvia in accordance with the order of the Cabinet of Ministers of the Republic of Latvia.